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Updated 9 min. ago

Will the Fed increase interest rates by 25 bps after the January 2027 meeting?

Will the Fed increase interest rates by 25 bps after the January 2027 meeting?

PoliticsEconomy

54 %

chance

▲ +6.0%24h▲ +34.0%1W
Yes 54¢No 47¢

Market brief

  • Up 34.0 pp over the past week (+6.0 pp in the last 24 hours), after dipping to 18% on Nov 5, 2026.
  • Last 50 trades: 24 buys, 26 sells; the largest was $27.7K (buy). Too few trades of $5K+ for a big-money read.
  • Historically, 48% of Polymarket Politics markets priced 35–65% seven days before the end resolved YES (126 cases). In this range the price has been a reliable guide.
  • Scheduled to end in 3 mo. (Jan 28, 2027).

A historical frequency for the price range, not a probability for this market and not advice. How we measure this

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50%
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The AI's estimate

Market moved since
Market
54%
AI
48%

sonar · analysed 16 hr. ago

Market was at 48% when this was analysed (+6 pp since).

From the daily AI research

The best estimate is 48% YES, essentially anchored to the supplied 47.5% market price because the available evidence contains no new, authoritative policy signal that justifies a meaningful deviation. The official calendar confirms a scheduled January 26-27, 2027 decision, but provides no rate forecast; the recent price surge is therefore evidence of trader repricing rather than confirmation of the underlying event.

Read the full summary

The historical 35%-65% calibration is nearly neutral at 48.4% YES, while the ask-heavy book and the requirement for a hike at one specific meeting support caution. Confidence is low because the available research lacks recent macroeconomic or primary-policy evidence and the fallback wording leaves postponement and timing edge cases ambiguous.

Two of the key facts

  • The Federal Reserve's official calendar lists the 2027 January FOMC meeting for January 26-27. [1]
  • The official calendar states that FOMC meeting calendars provide links to policy statements and minutes, making the post-meeting statement the relevant official record. [1]

Resolution risk: medium — read the rules before relying on the title.

Bull and bear case, the remaining facts and the full resolution analysis come with a plan.

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Sources, key facts and what would change the call.

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Total volume

$756.9K

24h vol.

$184.9K

Liquidity

$122K

End date

Jan 28, 2027

ends in 3 mo.

What a plan adds on this market

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  • Full AI research reportProThe latest daily analysis in full: probability, bull and bear case, 5 key facts from 10 sources.
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  • Smart moneyPro+There is a current smart-money reading on this market: how the wallets whose record holds up are positioned.
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Order book, trades and more numbersDepth, spread, up to 50 recent trades, volume by period and dates

1w vol.

$390.1K

1m vol.

$665.9K

Bid / Ask

53¢ / 54¢

Spread 1¢

Last trade

54¢

Start date

Jul 30, 2026

Orderbook

Spread: 1¢
Bids (buy)Size
53¢$3,357
52¢$22,694
51¢$10,314
50¢$17,991
49¢$522
48¢$91
47¢$303
46¢$108
43¢$505
42¢$1,360
Asks (sell)Size
54¢$384
55¢$17,368
56¢$19,545
57¢$15,125
58¢$6,269
59¢$5,130
60¢$7,148
61¢$5,090
62¢$1,000
63¢$5,000

Snapshot from cache

Recent trades (50)

Buys 99%Sells 1%
Recent trades with time, side, price and size.
TimeSidePriceSize
24 min. agoBuy54¢2
2 hr. agoBuy54¢4
3 hr. agoSell53¢40
3 hr. agoSell53¢8
3 hr. agoSell53¢50
4 hr. agoBuy54¢8
4 hr. agoBuy54¢93
4 hr. agoSell54¢450
4 hr. agoSell54¢90
5 hr. agoBuy55¢54
5 hr. agoBuy54¢1
5 hr. agoBuy54¢9
6 hr. agoBuy55¢57
7 hr. agoBuy54¢210
7 hr. agoSell53¢10
8 hr. agoBuy55¢5
8 hr. agoSell51¢2
8 hr. agoSell51¢2
8 hr. agoBuy52¢45,985
12 hr. agoSell50¢20
13 hr. agoSell50¢6
13 hr. agoBuy50¢27,092
13 hr. agoSell47¢5
13 hr. agoBuy49¢232
13 hr. agoBuy49¢56,625
13 hr. agoBuy50¢13,399
13 hr. agoBuy49¢150
13 hr. agoBuy48¢2
13 hr. agoBuy48¢49
15 hr. agoSell47¢2
15 hr. agoBuy48¢11
16 hr. agoSell47¢15
16 hr. agoSell47¢5
18 hr. agoBuy48¢11
18 hr. agoBuy48¢20
19 hr. agoSell47¢301
19 hr. agoSell48¢5
19 hr. agoSell48¢13
19 hr. agoSell49¢30
19 hr. agoSell49¢20
19 hr. agoSell48¢80
19 hr. agoSell49¢28
20 hr. agoBuy49¢1,737
20 hr. agoSell48¢20
20 hr. agoBuy49¢907
20 hr. agoBuy49¢907
21 hr. agoSell47¢63
21 hr. agoSell47¢30
21 hr. agoSell47¢20
21 hr. agoSell47¢6
Rules & resolution

The FED interest rates are defined in this market by the upper bound of the target federal funds range. The decisions on the target federal funds range are made by the Federal Open Market Committee (FOMC) meetings. This market will resolve to the amount of basis points the upper bound of the target federal funds rate is changed by versus the level it was prior to the Federal Reserve's January 2027 meeting. If the target federal funds rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps) The resolution source for this market is the FOMC’s statement after its meeting scheduled for January 26-27, 2027 according to the official calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm. The level and change of the target federal funds rate is also published at the official website of the Federal Reserve at https://www.federalreserve.gov/monetarypolicy/openmarket.htm. This market may resolve as soon as the FOMC’s statement for their January meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Event:
Fed Decision in January?
Note:
Neg-risk market (multiple mutually exclusive outcomes).

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